The callous cruelty of the EU is destroying Greece, a once-proud country

 
Britain should play its part to end this Greek tragedy by standing up for the underdog.

 
By Peter Oborne
The Telegraph
15 Feb 2012
 
For all of my adult life, support for the European Union has been seen as the mark of a civilised, reasonable and above all compassionate politician. It has guaranteed him or her access to leader columns, TV studios, lavish expense accounts and overseas trips.

The reason for this special treatment is that the British establishment has tended to view the EU as perhaps a little incompetent and corrupt, but certainly benign and generally a force for good in a troubled world. This attitude is becoming harder and harder to sustain, as this partnership of nations is suddenly starting to look very nasty indeed: a brutal oppressor that is scornful of democracy, national identity and the livelihoods of ordinary people.

The turning point may have come this week with the latest intervention by Brussels: bureaucrats are threatening to bankrupt an entire country unless opposition parties promise to support the EU-backed austerity plan.

Let’s put the Greek problem in its proper perspective. Britain’s Great Depression in the Thirties has become part of our national myth. It was the era of soup kitchens, mass unemployment and the Jarrow March, immortalised in George Orwell’s wonderful novels and still remembered in Labour Party rhetoric.

Yet the fall in national output during the Depression – from peak to trough – was never more than 10 per cent. In Greece, gross domestic product is already down about 13 per cent since 2008, and according to experts is likely to fall a further 7 per cent by the end of this year. In other words, by this Christmas, Greece’s depression will have been twice as deep as the infamous economic catastrophe that struck Britain 80 years ago.

Yet all the evidence suggests that the European elite could not give a damn. Earlier this week Olli Rehn, the EU’s top economist, warned of “devastating consequences” if Greece defaults. The context of his comments suggests, however, that he was thinking just as much of the devastating consequences that would flow for the rest of Europe, rather than for the Greeks themselves.

Read more: The callous cruelty of the EU is destroying Greece, a once-proud country
 

Related posts:

  1. Greece may never be able to pay off debts, says Deutsche Bank chief Ackermann
  2. Greece Misses EU Deadline On Currency Swaps
  3. Greece doomed, economy total farce fiction!
  4. Greece Asks US For Assistance To Crack Down On Financial Speculators
  5. Greece approves austerity measures
  6. EU and IMF are so impressed by Greece they will allow it to borrow more
  7. Greece erupts in violence as EU issues dire ultimatum
  8. EU heavyweights push Merkel to aid Greece
  9. Compared to this, Greece was just a sideshow. Italy could blow Europe to pieces
  10. IMF offers to help Greece; EU disappoints markets

Views: 0

You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes